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News Breaks | | | | November 3, 2011 | | 16:15 EDT |  | ISNS | Image Sensing Systems plans to reduce expenses
Image Sensing Systems said "Although our near term outlook is unpredictable, we remain confident in the long range prospects for our portfolio of detection products and the growing demand for intelligent traffic systems, security, tolling and parking applications. One example of our optimism is our Hybrid product which is expected to launch in Q1 of FY12. The hardware is in final certification testing and we're adding a second beta site. This combined video and radar product gives us the opportunity to significantly expand our market by accelerating the conversion from legacy loop detection to above ground detection. We estimate the annual loop market in North America to be at least double that of above ground detection, so even in a shrinking tax base environment we have an opportunity to tap a large market. In light of the current circumstances, we expect to execute on plans to reduce operating expenses to align them with an uncertain revenue outlook. We believe we are well capitalized and liquid with cash and investments of $7M and net current assets of $22M but it is management's intent to return to improved profit levels urgently.." | |
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News For ISNS From The Last 14 Days Check below for free stories on ISNS the last two weeks. |
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| June 7, 2013 | | 10:14 EDT |  | ISNS | Osmium Partners reports 9.7% passive stake in Image Sensing Systems
| | | June 6, 2013 | | 17:05 EDT | | ISNS | Image Sensing Systems adopts shareholder rights plan
Image Sensing Systems announced that its board has unanimously adopted a shareholder rights plan and declared a dividend of one right on each outstanding share of the company's common stock. | |
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